ASEAN, South Korea, China, Japan, Russia, EU, Taiwan, and the US continue to be the eight largest importers of Vietnamese fish paste and surimi in the first half of 2020, accounting for 97.5% of the total fish cake and surimi export value. Compared to the same period in 2019, Vietnam's fish paste and surimi exports to these markets have largely decreased. Among the eight main importers, Vietnam's fish cake and surimi exports to China, Taiwan, and the US rose, and exports to the remaining markets fell.
ASEAN remained the largest fish cake and surimi importer of Vietnam in this period. The export value to this market as of June 2020 reached US$45.9 million, down 21.4% compared to the same period in 2019. In 2020, Vietnamese fish cake and surimi exports to ASEAN were not stable, but the share of this market in the first half has increased to 33% from 30% in the same period in 2019.
Despite the severe influence of the Covid-19 epidemic, Vietnamese fish paste and surimi exports to China and the US still grew positively over the same period in 2019. Vietnamese fish paste and surimi exports to China in the first half of 2020 reached US$ 18.6 million, up 24.6%. The export of this item to the US reached over US$1 million, up 75% over the same period in 2019.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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